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HE - Dancing on R1 Pivot Point Study (Tim Knight). Appreciate any thoughts on this chart long or short.

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slopechart_HE.jpg

Comments

GonnabesickGonnabesick
Needs context: bullish back up to test the gap. First test of the gap usually holds (which here means price goes back down, prolly to test the breakout around 15). Then . . . we'll see. 
11/7/23
GonnabesickGonnabesick
Chart as a Daily -- how we get to the test of the gap, but watch out for the top of the bounce that ended at 17 something . . . 
11/7/23
YummyTradeYummyTrade
Thank you. I didn't even think about the gap from the drop. Will study this. 11/7/23
YummyTradeYummyTrade
@Gonnabesick - Much appreciated, so much to learn, so little time :-) Its dropping back down today. I'm in 250 shares @11.20, also have a couple of Dec 15 CSPs @ 10.00. Not sure if it's ok to display positions. Not trading advice :-) I'm looking at this one as a 10 year hold in my Roth, that'll get me near retirement. If they get their dividends back near the level they were, after this wildfire stuff, which was around $2.00/share/year ish. I'll be a happy camper, it would be a decent div on an $11ish stock. Same for the CSPs, if I get assigned @ 10.00, I'd be happy to hold them, if they keep paying pre-fire div over that time. Doubtful it gets back to pre-fire price around $40...but I can dream right? LOL Thanks again! 11/8/23
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